Siri wrote:
Debate is such an interesting
activity! We get to know the topic in and out…what’s in support and what’s
not….We recently had a debate on “The role and relevance of commodity markets.”
Was an exhilarating experience…I always used to wonder why is a commodity
market so important…now I know, it’s so because a slight change in the price of
a commodity affects the GDP very sharply. A commodity markets are a platform
for exchange of primary products. It all started way back in 1875 when cotton
was traded. India has an export basket for Gems and Jewels, Petroleum Products,
etc. It happens through futures trading and derivatives trading. But sadly, there
are problems associated with this: farmer participation is negligible, growth
rate of inflation gets accelerated due to futures trading in commodities…there
are various challenges involved too…some suggestions that we all agreed upon in
the end were consolidation of all exchanges, de-regulating on the part of the
government…intelligent crowd we are!…